The feed-in tariff scheme, allowing people to sell electricity back to the grid, is likely responsible for the tremendous growth of solar power the last two years. Since it was first launched in 2010, a little over 22 months ago, solar panel installations in homes, schools and fields all over UK has grown by a whopping 41 times. The 1,000 MW milestone of solar power has now been reached, as opposed to 26MW before the feed-in tariff was launched.
What is a FIT Scheme?
Solar energy is quite fluctuating when it comes to availability. We need to store excess power consumption for times when the demand is larger then supply. Energy can be stored chemically in forms of batteries. However, there are much more efficient ways of storing energy, and on the definite top is the electrical power grid.
If you send excess electricity back on the grid, which then is used in real time, you don’t have to worry about batteries. FITs enable you to get paid for this electricity (in varying amounts depending on the particular tariff).
This of course means that solar power becomes cheaper and more cost-competitive, leading to the growth of renewable and green energy.
Germany Cuts Solar Subsidies by 30%?
Germany is alone on the top when it comes to solar power. This country has a total capacity around 25,000 MW, in other words, 25 times as much as UK. The German government decided that they couldn’t support the massive demand of solar power with incentives anymore. A 30% reduction of subsidies will be established 9 March – if the bill is approved by the cabinet and parliament.
Should I Invest in a Solar System?
Depending on where in the world you live, purchasing photovoltaics might enable you to generate your own cost-competitive, clean and sustainable electricity. Most people think that it is the amount of sunlight available that is the main determining factor. However, government/state rebates and incentives are absolutely essential when it comes to solar panels being affordable or not.
When you are first starting to learn about solar panels for home use, you might find yourself overwhelmed by the amount of information out there. Beginners often get stuck with questions such as “What are the costs of a solar system?”, “What is the difference between monocrystalline, polycrystalline and thin film (amorphous) solar panels?” and so on.
Instead of spending too much time on the Internet learning about solar power, I suggest that you contact a solar power professional and have him/her evaluate your particular situation and choose the right solution for you.